New Delhi, Oct. 28 -- Hybrid working has emerged as a key strategy for businesses to attract and retain skilled employees, with improved talent retention alone potentially generating productivity gains worth USD 204.7 billion in the US and 10.8 billion pounds in the UK over five years, according to a new analysis by International Workplace Group (IWG) and Arup.

The analysis highlighted that workplace flexibility is increasingly becoming a competitive advantage for employers, enabling them to attract specialised talent, reduce employee turnover and preserve institutional knowledge, while improving organisational productivity.

According to the research, 81 per cent of Chief Human Resources Officers (CHROs) consider hybrid working critical...